-The Business Standard Oil minister says Parikh report sound but government has to take realities into account; to proceed with Direct Benefits Transfer in 291 districts from January despite SC order Union petroleum minister M Veerappa Moily said there'd be no raising of the present cap on the number of subsidised cooking gas (LPG) cylinders a household was entitled to in a year. In the wake of severe electoral reverses for the ruling...
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Wal-Mart gets clean chit in Fema case-Deeptiman Tiwary
-The Times of India NEW DELHI: The Enforcement Directorate has given a clean chit to Wal-Mart, the world's largest supermarket chain, in a case related to alleged violation of Foreign Exchange Management Act (Fema), a move that may pave the way for the US retailer to pursue its India investment plans more aggressively. Earlier this week, ED wrote to the RBI, saying a case of violation could not be made out as...
More »CM sows what Buddha couldn’t reap -Pranesh Sarkar
-The Telegraph Kolkata: The Mamata Banerjee government today announced a scheme to allow big private investors to directly procure farm produce - a segment that Buddhadeb Bhattacharjee could not liberate from the stranglehold of the Forward Bloc. The scheme titled Brihat Krishak Bazar Yojana, which loosely translates into mega farmer market programme, seeks to "connect the local market to high-growth demand centres" and weed out middlemen. The project will allow private developers to...
More »Retailers, consumers sourcing cheaper vegetables from farmers via e-mails, SMS in Maharashtra -Jayashree Bhosale
-The Economic Times PUNE: Over 300 farmers from Mulashi near Pune, organised under the Abhinav Farmers' club, plan four months in advance who will grow what. More than 1,300 women, organised in 117 groups, do attractive packaging of organic vegetables, earning Rs 150 a day (for just 4-5 hours' work). The fresh vegetables, fruits and grains will be delivered at door step as per the orders booked through e-mails, voice SMS and over...
More »Veggies costlier, reason unclear -Akriti Gupta & Satabhisa Bhaumik
-The Times of India NEW DELHI: After two weeks, the floods have hit home. Vegetable prices, which were expected to rise due to crop and road damage, have soared in the past few days. Tomatoes are Rs 90/kg in north Delhi; capsicum is at Rs 110/kg in east Delhi. Even potatoes are retailing above Rs 20/kg across the city. While hawkers blame the bad weather, in the wholesale hub of Azadpur...
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